Subnostr

Replying to

Trey Walsh

Am I the only progressive that wants to get rid of state and federal income tax?

boston wine 1y ago

One of the few 😂

Here’s a lil excerpt from me writing down a stream of Bitcoin musings:

Good intentions, wrong ideas.

Conservatives say stop spending.

Progressives say raise taxes.

Both are fatally flawed answers.

Try to tax the rich? They have the power to move jurisdictions, taking their spending out of the economy entirely. Businesses lose, prices go up, people lose jobs and access to resources that protect their lives and families.

Stop spending on social programs? Good and healthcare and shelter become inaccessible for even more people. They lose access to resources that protect their lives and families.

The “hard pill to swallow” is that traditional solutions will not work, and an alternative is badly needed.

Enter Bitcoin.

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Discussion

Trey Walsh 1y ago

Tax man: “Hey working class people, we are going to tax TF outta your earnings.”

Tax man to Investors, wealthy elite: “meh, you can do your tax loopholes and hold your equities and take a $0 income. Have a nice day!”

USA! USA! USA! 😔

boston wine 1y ago

I must admit, for a long time I thought it logical that simply closing loopholes and raising taxes on the top 1% would generate enough money to adequately protect those people in our society who need it most.

But I’ve been realizing a few things:

- “the government” will never actually do this, because the people with the power to make it happen are financially incentivized to pay lip service and life else.

- “the government” obviously doesn’t allocate the existing tax dollars (not even mentioning debt) in a responsible, efficient, intelligent, or moral way. I would willingly give up a larger share of income than I do today, if I could direct how it was spent. I don’t want my labor to fund war.

- the view that “taxation is theft” is a pretty niche view (although less so in Bitcoin communities), and I find it hard to believe that a practical application of “no taxes” would actually work in a society as large and complex as ours (again, setting aside valid points on debt and money printing). That said, there’s a very convincing philosophical argument that taxation is necessarily predicated on violence. So my view on this is still being cultivated.

Anyway, you’re not the *only* person who believes in progressive values and also doesn’t believe taxes are the answer.

/rant

d34e832d... 1y ago

The government is westmoorings friends and family?